It’s Getting Old…
It’s Getting Old…
9:43pm EDT: The game that is. Meaning – the old ruse of dropping the tape at the open (after a strong overnight session) and then running it up for the remainder of the day. Inherently there’s nothing wrong with it – I banked some nice coin playing along yesterday but you can only pull the same shenanigans so often – they work… until they don’t work anymore.
The bulltards better be careful here – if they let this thing slide past 2003ish or so some big bears might wake up, yawn, rub their eyes, and press the sell button. If we recover inside the yellow region it should represent the low of the day.
Here’s your 5000 feet perspective – obviously there would also be support at the psychological 1000 mark but the channel would ‘look best’ if we turned here soon. The wave count is also getting a bit spasmotic – we are sub-dividing into Minuettes at this point – this is the setup – bulltards better take it.
The Dollar also has gone nowhere but a bust higher should be imminent, unless we drop into 78 first. Either way – the bulltards are running out of time.
